A horizontal stacked bar chart compares equity allocations across two portfolios: the Unconstrained portfolio and the Constrained portfolio. The Unconstrained portfolio is 12% U.S. value, 5% U.S. growth, 4% U.S. small-cap, 3% emerging markets, and 15% developed markets ex-U.S. The Constrained portfolio is 17% U.S. value, 7% U.S. growth, 6% U.S. small-cap, 5% emerging markets, and 20% developed markets ex-U.S.